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Cannae vs Starbucks: revenue, profit, margins and growth compared

Cannae brought in $423.6M of revenue in fiscal 2025, Starbucks $37.2B in fiscal 2025. Revenue changed by -6.4% at Cannae and +2.8% at Starbucks on the year before, so Starbucks grew faster. Cannae kept -121.2% of its revenue as net profit, Starbucks 5.0%. Free cash flow was -$28.5M at Cannae and $2.4B at Starbucks.

Side by side, latest fiscal year

CNNESBUX
Fiscal year endedFY2025 (December 31, 2025)FY2025 (September 28, 2025)
Revenue$423.6M$37.2B
Revenue growth-6.4%+2.8%
Net income-$513.2M$1.9B
Net margin-121.2%5.0%
Free cash flow-$28.5M$2.4B
Free cash flow margin-6.7%6.6%
Earnings per share (diluted)-$9.08$1.63
Cash$182M$3.2B
Debt$70.8M$16.1B
Price to earningsn/a58.2
Market value$682.7M$108.1B
Dividend yieldn/a2.58%
Rank by revenue in sector#582 of 778 · Consumer discretionary#27 of 778 · Consumer discretionary

Over the years

Revenue
CNNE FY2018: $1.3BCNNE FY2019: $1.4BCNNE FY2020: $3BCNNE FY2021: $742.2MCNNE FY2022: $662.1MCNNE FY2023: $570MCNNE FY2024: $452.5MCNNE FY2025: $423.6MSBUX FY2018: $24.7BSBUX FY2019: $26.5BSBUX FY2020: $23.5BSBUX FY2021: $29.1BSBUX FY2022: $32.3BSBUX FY2023: $36BSBUX FY2024: $36.2BSBUX FY2025: $37.2BFY18FY19FY20FY21FY22FY23FY24FY25
CNNE $423.6MSBUX $37.2B
Net income
CNNE FY2018: $27.6MCNNE FY2019: $77.3MCNNE FY2020: $1.8BCNNE FY2021: -$287MCNNE FY2022: -$428.1MCNNE FY2023: -$313.4MCNNE FY2024: -$304.6MCNNE FY2025: -$513.2MSBUX FY2018: $4.5BSBUX FY2019: $3.6BSBUX FY2020: $928.3MSBUX FY2021: $4.2BSBUX FY2022: $3.3BSBUX FY2023: $4.1BSBUX FY2024: $3.8BSBUX FY2025: $1.9BFY18FY19FY20FY21FY22FY23FY24FY25
CNNE -$513.2MSBUX $1.9B
Net margin
CNNE FY2018: 2.1%CNNE FY2019: 5.4%CNNE FY2020: 60.2%CNNE FY2021: -38.7%CNNE FY2022: -64.7%CNNE FY2023: -55.0%CNNE FY2024: -67.3%CNNE FY2025: -121.2%SBUX FY2018: 18.3%SBUX FY2019: 13.6%SBUX FY2020: 3.9%SBUX FY2021: 14.5%SBUX FY2022: 10.2%SBUX FY2023: 11.5%SBUX FY2024: 10.4%SBUX FY2025: 5.0%FY18FY19FY20FY21FY22FY23FY24FY25
CNNE -121.2%SBUX 5.0%
Revenue growth
CNNE FY2019: +9.3%CNNE FY2020: +105.4%CNNE FY2021: -75.0%CNNE FY2022: -10.8%CNNE FY2023: -13.9%CNNE FY2024: -20.6%CNNE FY2025: -6.4%SBUX FY2019: +7.2%SBUX FY2020: -11.3%SBUX FY2021: +23.6%SBUX FY2022: +11.0%SBUX FY2023: +11.6%SBUX FY2024: +0.6%SBUX FY2025: +2.8%FY19FY20FY21FY22FY23FY24FY25
CNNE -6.4%SBUX +2.8%
Free cash flow
CNNE FY2018: -$38.5MCNNE FY2019: -$112.5MCNNE FY2020: -$136.2MCNNE FY2021: -$189.8MCNNE FY2022: -$219.4MCNNE FY2023: -$97.8MCNNE FY2024: -$97.1MCNNE FY2025: -$28.5MSBUX FY2018: $10BSBUX FY2019: $3.2BSBUX FY2020: $114.2MSBUX FY2021: $4.5BSBUX FY2022: $2.6BSBUX FY2023: $3.7BSBUX FY2024: $3.3BSBUX FY2025: $2.4BFY18FY19FY20FY21FY22FY23FY24FY25
CNNE -$28.5MSBUX $2.4B

Fiscal years as each company reports them; the two may end in different months.

Questions about Cannae and Starbucks

Which is bigger by revenue, Cannae or Starbucks?

Starbucks is bigger by revenue: $37.2B in fiscal 2025, against $423.6M for Cannae in fiscal 2025.

Which keeps more of its revenue as profit, Cannae or Starbucks?

Cannae had a net margin of -121.2% in fiscal 2025; Starbucks had 5.0% in fiscal 2025.

Which grew revenue faster, Cannae or Starbucks?

In their latest fiscal years revenue changed by -6.4% at Cannae and +2.8% at Starbucks.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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